Business & Markets

Sustainability: Energy Company ESG Efforts

(P&GJ) — Late in 2021, a global energy think tank at Columbia University held a private workshop with representatives from the national and international oil, financial, consulting and nongovernment organization (NOC) sectors, along with academia, to better understand the dynamics and impact of the global sustainability movement on the energy space.

Turkmenistan Pipe Dreams: Russia, China Both Make Overtures

(P&GJ) — Russia’s invasion of Ukraine has quickly transformed the West’s relationship with Russia. It’s forged Russia’s closer alignment with China. It seems that 2022 is becoming the year when everyone is rethinking the circles of power, especially in Eurasia.

Analysis: Pyrenees Gas Pipeline Puts EU Energy Divisions in Stark Relief

French skepticism about a new gas pipeline across the Pyrenees highlights the competing visions for Europe's future energy mix as the continent urgently confronts a power crisis.

Aemetis Completes 20 Miles of California RNG Pipeline

(P&GJ) — Aemetis completed 20 miles (32 km) of renewable natural gas (RNG) pipeline and received approval for construction of an additional 19 miles (31 km) in Merced County, California, with project completion set for the fourth quarter of 2022.

Slovak’s SPP Inks LNG Supply Deal with Exxon

Slovakia's national gas importer SPP has signed an LNG supply deal with Exxon Mobil, SPP said on Thursday, as Europe races to secure alternatives to Russian gas.

Reducing Carbon Footprints at Oil, Gas Infrastructures

(P&GJ) — The energy and resources industry is undergoing one of the most significant shifts in generations. This transition is toward green energy – or renewable energy created from natural resources – that does not release greenhouse gas (GHG) emissions during production.

Big Decline in Global Oil Production Capacity Surplus Cited

Oil

(P&GJ) — Preliminary estimates from EIA’s Global Surplus Crude Oil Production Capacity shows, as of May 2022, surplus capacity in non-OPEC (Organization of the Petroleum Exporting Countries) countries decreased by 80% compared with 2021.

Expect 9 GOM Natural Gas, Oil Fields to Start Up Soon

(P&GJ) — The Energy Information Association (EIA) forecasts that new fields coming online in 2022 will account for 5% of natural gas production and 14% of crude oil production in the U.S. Federal Offshore Gulf of Mexico (GOM) by the end of 2023.

Gas Producer EQT Expected to Buy THQ Appalachia for $5.2 Billion

The deal, expected to close in the fourth quarter, will add an estimated 800 MMcf/d of gas equivalent production for EQT, and includes pipeline infrastructure supporting that production, the company said.

Shell, Exxon to Place $1.5 Billion Natural Gas Venture Up for Sale

The top two Western energy giants could raise over $1 billion from the sale of the 50-50 NAM joint venture in the Netherlands, which has stakes in three gas processing plants in the Den Helder Terminal where 53% of all gas produced in the Dutch offshore is processed, as well as stakes in several pipeline networks.

UGI to Develop New Renewable Natural Gas Project in Upstate New York

Once completed in the second half of calendar year 2024, the project is expected to produce approximately 150 million cubic feet of RNG annually that will be delivered to a local natural gas pipeline serving the regional distribution system.

France to Resurrect Abandoned Pipeline to Supply More Winter Gas to Germany

France is reactivating a disused pipeline in its northeastern Moselle administrative department, originally built for east-to-west flows, to send Germany gas under an energy deal unveiled by President Emmanuel Macron, according to French officials.

EU Chief Intends to Cap Price of Russian Pipeline Gas

Upcoming European Commission proposals to tackle surging energy prices will aim to cap the price of gas Russia sends to Europe via pipelines and offer support to electricity producers facing a liquidity squeeze, the EU's chief said on Monday.

Shell, Petronas Partner to Develop Gas Fields Offshore Malaysia

Shell Plc on Monday said it would invest with Malaysian state oil firm Petronas to develop the Rosmari-Marjoram gas fields in the Southeast Asian country's waters.

Natural Gas Compression Empowering Energy Evolution

Natural gas plays a vital role in our society, both as a raw material for numerous industrial processes and as a source of energy that is fundamental to social progress.

Activists, Fishermen Argue Rio Grande LNG Terminal Permit is Too Obliging to Industry

Environmental groups and fishermen on Wednesday told a federal appeals court the U.S. government’s permitting for a Gulf Coast natural gas export terminal was too accommodating to industry interests at the expense of wetlands.

Senegal’s President: Phase 2 of Greater Tortue Gas Project Needs $5 Billion

The second phase of Senegal's Greater Tortue Ahmeyim gas project will need investments worth around $5 billion and could start in 2024 or 2025, Senegal's President Macky Sall said on Thursday.

Italgas Completes DEPA Infrastructure Deal, Acquires 4,700 Miles of Gas Network

The Italian group, which runs about 74,000 km (46,000 miles) of regulated gas pipelines, clinched the deal last year and said it would invest $8.6 billion to 2028 to expand and digitize the Greek gas grid DEPA Infrastructure, which holds stakes in Greece's three main gas distribution operators, which together manage 7,500 km (4,700 miles) of gas network.

South East Europe, Balkans Get Ready for US LNG Shipments

(P&GJ) — The 105 Bcf/year (3 Bcm/year) Interconnector Greece Bulgaria (IGB) pipeline is expected, after long delays, to become operational this autumn, allowing Bulgaria to access more LNG via Greece. The timing could not have been better; Gazprom recently cut off all supplies to Bulgaria following Sofia’s refusal to pay for Russian gas in rubles.

Equinor, Wintershall Dea Consider Building 560-Mile Pipeline to Capture CO2 Under North Sea

Equinor and Wintershall Dea eye the construction of a 900-km (560-mile) long pipeline to transport CO2 from northern Germany to storage sites offshore Norway before 2032. The pipeline is expected to have a transport capacity of 20 million to 40 million tonnes of CO2 per year.

Liquid Fuels Production Expected to Grow in Brazil, Canada

In the U.S. Energy Information Administration’s (EIA’s) Short-Term Energy Outlook (STEO), liquid fuels production in Brazil, Canada and China is forecast to increase this year and next, contributing to growth in overall non-OPEC (Organization of the Petroleum Exporting Countries) petroleum production.

Tokyo Gas Inks Long-Term LNG Deal with New Sakhalin-2 Operator

Japan's biggest city gas supplier Tokyo Gas Co Ltd. has signed a long-term contract with a new Russian operator of Sakhalin-2 energy project to buy LNG, a spokesperson for the Japanese company said on Tuesday.

Wintershall Dea CEO: 'Insane' Prices Will Make People Abandon Gas

Wholesale gas prices have scaled "insane" levels that will ultimately hurt demand, although the lack of Russian gas means Europe's supply will be tight for several years, the CEO of German oil firm Wintershall Dea said on Tuesday.

Bulgaria Agrees to Double Reserve Capacity at New Greek LNG Terminal

Bulgaria has reached an agreement in principle to double its reserved capacity at a new LNG facility to be built off the northern Greek port of Alexandroupolis, the interim energy minister said on Monday.

Europe Imported Record Amounts of LNG

The European Union and United Kingdom’s level of liquefied natural gas (LNG) imports set a record high in April 2022, averaging 16.5 Bcf/d (467 MMcm/d) monthly and exceeding 19 Bcf/d (538 MMcm/d) on some days in April.

Australia's Santos to Spend Extra $311 Million for Barossa-Darwin Gas Pipeline

Australia's Santos Ltd. said on Monday it would spend an additional $311 million to build a new pipeline to transport gas from its offshore Barossa field to its Darwin LNG plant in the Northern Territory.

Exxon to Sell Arkansas Shale Gas Assets to Flywheel Energy

The assets under agreement include approximately 5,000 natural gas wells — 850 operated and approximately 4,100 non-operated — and related pipeline and processing properties across approximately 381,000 acres.

TotalEnergies Sells 49% Stake in Russian Gas Field to Novatek

TotalEnergies agreed to sell to Novatek its 49% interest in Russia’s Termokarstovoye gas field back in July based on the company’s publicly shared principles of conduct for its Russian related business.

Pipeline Operator Gail Says India in Talks with Russia to Resume Gas Supply Deal

India is in talks with Russia to resume gas supplies under the long-term import deal between Gazprom and GAIL (India) Ltd., the state-run Indian company's chairman said at an annual shareholder meeting on Friday.

Occidental to Begin Construction on Direct Air Carbon Capture Facility in Permian Basin

The direct air capture plant will be the world’s largest of its kind and is expected to capture up to 500,000 metric tons of carbon dioxide per year once operational with the capability to scale up to 1 million metric tons per year.